Honeywell International Q3 Earnings Preview

On Friday, Honeywell International HON will release its latest earnings report. Benzinga's outlook for Honeywell is included in the following report.

Earnings and Revenue

Based on management's projections, Honeywell International analysts model for earnings of $1.99 per share on sales of $10.75 billion.

Honeywell reported a profit of $1.75 when it published results during the same quarter last year. Sales in that period totaled $10.12 billion. The Wall Street estimate would represent a 13.71 percent increase in the company's earnings. Sales would be up 6.21 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

For a full 12 months, the return has risen by 9.95 percent. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The popular rating by analysts on Honeywell stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Honeywell's Q3 conference call is scheduled to begin at 8:30 a.m. ET and can be accessed here: https://honeywell.webcasts.com/starthere.jsp?ei=1211377&tp_key=89f0e031fc